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will the global economy go next and what will it mean to your portfolio as the u.s. stock market sets a new five-year high. >>> i'll have any candid conversation with outspoken jpmorgan chase ceo jamie dimon. we'll talk real estate, banking, his pay cut. >> we had run terrible year. >>> and she's called the oprah of china. remarkable entrepreneur who runs a media empire and reaches more than 200 million people a month. "on the money" begins right now. >>> this is america's number one financial news program, "on the money." now, maria bartiromo. >> this is what's making news as we head into a new week "on the money." washington has a new watchdog for wall street. president obama has nominated mary jo white the head of securities and exchange commission. white is a former prosecutor with a reputation for toughness. she will replace mary schapiro and must still be confirmed by the senate. timothy geithner spent his last day as secretary on friday, stepping down after a tumultuous four years in the financial system. president obama's chief of staff jack lew has been nominated to replace geithner. >>
everyone. i'm susie gharib. the economy is barely growing, so the federal reserve says it will keep buying bonds to stimulate growth, and create more jobs. >> tom: i'm tom hudson. facebook's latest earnings beat the street, but while the company saw big gains in mobile ad sales, it's costs also shot up. >> susie: and rim, rolls out the new blackberry 10, a new name, and a new ticker symbol, we look at what's riding on all those bold moves. >> tom: that and more tonight on "n.b.r."! >> susie: the federal reserve said the economy "paused" in recent months, so it's keeping its key interest rate near zero. the decision from policymakers today came on a day of mixed reports about the u.s. economy. on the jobs front, a strong payrolls report showed private employers added 192,000 jobs in january, much more than economists expected. but the commerce department said economic growth, contracted in the last three months of 2012. the g.d.p. shrank by 0.1% the first time that's happened since the financial crisis began. the fed said in its policy statement today that it continues to see "downside risk
the economy, about where the markets would go post financial crisis. what's next for america and the global economy? ken rogoff joining me once again with some answers. ken, good to see you. >> good to see you. >> thanks so much for joining us. how would you describe the mood in davos and how would you see the economy today five years post the crisis? >> it's a strange mood in davos, where people are not euphoric. in fact, you talk to heads of multinational corporations, businesspeople around the world, they say, you know, things aren't even as good as i thought they would be this quarter, but they're calmer. there's a feeling that the world is not going to fall apart. you hear more about geopolitical risk, cyber security, d less about europe's going to blow up tomorrow. >> so, you're not seeing over enthusiasm but it's certainly better than a year ago? >> yes, it's definitely, definitely calmer. their theme here is resilient. yes, and dynamism, not so much. guess what i thought about the global economy. i actually think that growth will be moderate with not necessarily a lot of volatility
continues to see "downside risks" to the economy. unemployment is still "elevated". but household and business spending advanced. >> susie: darren gersh begins our coverage with that weak reading on the economy. >> reporter: last quarter, defense spending fell off the fiscal cliff. as lawmakers bickered, manufacturers who make things for the pentagon cut back production sharply-- defense spending fell 22% in the latest g.d.p. report, tipping the economy into the red. >> certainly manufacturers are pulling back and i think this is a bit of a wake up call that these cuts are real and that they have real effects on the economy. >> reporter: economists and markets did not panic over the drop into the red, because the economy is still showing signs of solid growth. businesses are still buying equipment and software. housing continues to bounce back. and consumer spending held up well, expanding at an annual rate of 2.2%. >> so if you look through some of the volatile components, demand underneath was solid and it doesn't suggest the economy is losing momentum. so a scary headline numb
to last. siemens, answers. >> theu.s.economyinthefourthquarte of. the u.s. economy in the fourth quarter of last year october, november, december contracted by 0. 1%. one-tenth of 1%. it was the first contraction in three years and it rattles financial markets. much of the slippage in gross domestic product, was due to what the u.s. federal reserves describes as quote weather related disruptions and other transitory facts unquote. the central bank is keeping monetary policy on hold. and says n worth of long-term securities a month, until there is a substantial improvement in the outlook for the labor market. also, the cut back in department of defense outlays, is likely to fuel concerns about the size of a slow down and the full economic fallout of the large quote unquote sequester cuts scheduled for a month from now, the start of march. the president's press secretary said this about the sequester. quote, across-the-board cuts to education, to research and development, would have repeat, would have, damaging effects on our economy and our long-term economic prospects. unquote. a growing
tremendous economic financial pressure on the entire global economy, including europe. >> in the same way in which the collapse of lehman implied global shocks, a dissolve in the situation of the eurozone is going to impact the united states. >> while everyone is telling the germans, "bail these guys out now," the germans are saying, "if we're gonna bail them out, we wanna fix the political crisis." >> at the end of the day, europe and the eurozone face an existential question: can we become the united states of europe? >> in a democracy, agreement is not essential, but participation is. >> never before in our history have we been so interconnected with the rest of the world. >> foreign policy is actually not foreign. >> america has faced great hardship before and each time we have risen to the challenge. >> the ultimate test is to move our society from where it is to where it has never been. >> join us as we explore today's most critical global issues. join us for great decisions. >> great decisions is produced by the foreign policy association, inspiring americans to learn more about th
your small business. sign up for your free trial today at constantcontact.com/try. >> the economy is shrinking and the economy is playing the blame game. charles: welcome, everyone, i am charles payne in for neil cavuto. the administration is saying that it was hurricane sandy and defense spending cuts and uncertainty about marcotte. one more quarter and we are in a double dip recession with us tonight is xander -- sandra smith. >> that's right, they are trying to use this report. uncertainty when it comes to tax dollars in borrowing more money. charles: the mass media, i saw a report in new york. six reasons this wasn't a bad record. did you see that? >> the media was trying to spin this in every way that they could. they were trying to make it look like a god for them. what we need to do is say that as a lack of economic growth policy. where is the job growth policies? right now we have consumer confidence levels that we just got this week. they are plummeting because people are seeing their paychecks shrink as a result of the expirations of payroll tax cuts. people have less mo
, the thing that is really holding the economy back? if so then you had a bad week. >> first jobs report of the year. >> fourth quarter gdp numbers are down. >> the republican party can't move forward. >> government spending does actually help the economy. >> a trillion dollar stimulus bill, supposed to create jobs. >> we need to start solving the actual problem. >> we need to cut spending. >> cutting. >> cutting very popular social insurance programs. medicaid, medicare, social security, health care. >> there is another economic reason why we need reform. >> let's help to build the greatest economic engine the world has ever known. >> as congress gets ready to tackle the immigration, there will be a snag. >> the republican party can't move forward. >> doesn't want to do anything on comprehensive immigration reform. >> what would you do about immigration? >> how to deal with border security. >> first we strengthen the borders. >> they have to be reasonable how they do it. >> we define ourselves as a nation of immigrants. >> the economy is back in the spotlight. >> government does help th
. unemployment rising. the economy? it's shrinking. gdp contracting last year for the first time in four years and consumer confidence tanking as that payroll tax hike cuts into workers' paychecks. add it all up, is it time to strike calls for more tax hikes? down. i'm brenda buttner, this is "bulls & bears." we've got gary smith, tobin smith, jonas max ferris, and john layfield and susan fox. the white house and democratic leaders still pushing tax hikes. should they be? >> absolutely not, brenda. what i don't understand is how you can propose tax hikes without looking at what the scholars say, the studies say. look, if there was studies out there says raising taxes, great for the economy, i'd get behind it. but you know what, brenda? every single scholarly study for the past 15 years has said one thing: higher taxes, negatively impact growth. it's funny, forget all that, though. if you just look anecdotally, when the left wants to inhibit behavior, whether it's energy consumption or cigarette smoking or any one of the other things they have, what's the very first thing they do? they raise t
to grow the economy, shrink government and create confidence that we are not greece. and, oh, heck, my friend steve kroft lobbed a bunch of softballs at president obama and hillary clinton in his "60 minutes" interview last night. and you know what, folks, we still do not know what happened on that tragic, awful night in benghazi when four people were killed. the administration spun two separate stories, we still don't know the narrative. all that, the "kudlow report" starts right now. >>> first up tonight, it could prove to be the most significant immigration reform in years. bipartisan group of four democratic and four republican senators unveiling their blueprint this afternoon for border security, guest worker cards, more foreign brainiacs and employer verification, maybe even a path to citizenship. cnbc's own eamon javers joins us now with the details. good evening, eamon. >> well, we've almost gotten out of practice at watching bipartisan groups of senators hold press conferences here in washington. that's not something we're used to seeing. in recent months, anyway. but the sena
? the private economy did well up 3.4%. it was the government economy that fell. i would like to see us finishing the spending cuts of the government. shrink the government more. grow the private economy by 5%. that is my vision. now there is more bad news for new jersey senator bob menendez as the fbi raids the offices of one of his close financial backers. will it present key evidence in the alleged prostitution scandal surrounding the senator. it's all unconfirmed but the potential legal fallout is huge. >>> israel takes no chances. the air force launches two air strikes in syria preventing the assad regime from transporting chemicals and weapons of mass destruction to hezbollah. if the red line is crossed israel will attack again. we cover it all. "the kudlow report" begins now. first up we learned today the fourth quarter gdp fell slightly, much to everybody's surprise. so the white house is blaming republicans for the fiscal tax cliff and the spending sequester which i think is hilarious. they invented the sequester. we have had tax, spend and regulate policies for four years. why
the wrong way. the economy slinks bringing on fears of a new recession. this is "special report." ♪ ♪ >> bret: good evening. i'm bret baier. hard slap in the face tonight from reality. economy thought to be improving shocked experts and shrank in the final months of last year. huge falloff from gain last summer. white house correspondent wendell goler with an explanation and reaction. >> less than two weeks after the president said in the second inaugural address that an economic recovery had begun, the commerce department said not so fast. the biggest drop in defense spending in 40 years combined with a decline in exports and slow growth in company stock piles slashed economic growth from 3.1% in the third quarter to minus 1/10th in the fourth. first negative quarter since 2009. white house downplayed the report and gave the republicans part of the blame. >> home prices are starting to climb back. consumer confidence overall has been rising and consumer spending is rising. but there is more work to do. our economy is facing a major head wind that goes to your point. republi
economy and, brother, it is so grim. u.s. economy unexpectedly shrinking in the fourth quarter. the biggest dip in 3 years. instead of jumping into high gear to figure out what to do to reverse this economic bad news some, top democrats used their time to play the blame game. they say it's all the republicans' fault. >> the economy shrunk. >> last three months of last year, our economy shrunk. >> the new report suggests that this economy still has not really fully recovered from the financial crisis four years ago. >> it was the democrats are saying? this is the best-looking contraction that there has ever been. >> it's disheartening, although we have moved at least temporarily beyond flirtation with default, to see republican leaders say, visequester in my back pocket. it's not a game. it's the american economy. >> you remember what this administration's growth forecasts were? for the next three to four years? their growth forecasts were anywhere between 3 and 4/2 percent. we are not growing. >> have you heard of a poor man spending himself into prosperity? >> it's just sad to
down our debt in a way that grows our economy and create good jobs. the decision that will make a real difference in the strength of our recovery. we began with economists and business leaders saying that we are poised to grow. there are signs of progress. car sales are at a five year high. manufacturing is coming back. businesses created 2.2 million jobs last year. we have learned that our economy created more jobs in the last few months that economists are originally thought. this week we also received the first testament of the economic growth over the last a few months. it reminded us that bad decisions in washington can get in the way of economic rugrats. we agree -- economic progress. we agree that we cannot cut our way to prosperity. it has not worked in the past and it will not work today. it could weaken our economy. a could cost us jobs. not just now, but in the future. what we need is a balanced approach. an approach that says let's cut would we can afford, but make the investments we cannot afford to live without. investment in education, research thomas development. -- of
is on. tonight: the economy is still in neutral gear. >> amazing job though convincing people that things are rosy. >> bill: bad news for the u.s. economy. it is going down again. even as president obama's poll numbers are going up are we the people completely clueless? we have a special report. you al gore are doing business with this country that's enabling your ultimate foe climate change. >> i think i understand what you are getting at. [ laughter ] >> bill: even david letterman is pounding al goren othe hypocrisy of making money from big oil. we will show you how gore is being treated by the left-wing media. >> isn't there a contradiction in that? also tonight dennis miller on the most popular tv personalities in america and my interview with collin powell last night. caution, you are about to enter the no spin zone. the factor begins right now. >> bill: hi, i'm bill o'reilly. thanks for watching us tonight. bad economic news but it doesn't seem to matter to the folks. that is the sung of this evening's talking points memo. last quarter, the economy fell back. in fact, it
that to you shortly. now, the latest news about our economy and it is so grim. shrinking in the fourth quarter. biggest dip in three years. instead of jumping into high gear to figure out what to do to reverse the economic bad news, top democrats use their time to play the blame game. they say it's all the republicans' fault. >> the economy shrunk. last three months our economy shrunk. >> new report suggests that the economy still has not really fully recovered from the financial crisis four years ago. >> now the democrats, this is the best looking contraction it has ever been in this country. >> it's beyond the flirtation with default to see republican leaders say, i got sequester in my back pocket -- this is not a game. >> you remember what the administration's growth forecast were for the next three to four years. it was anywhere between 3-4 1/2%. >> have you heard poor men spending themselves into prosperity. it's dumb. >> there is more work to do in our economy and facing a major headwinds. that is republicans in congress. >> if there were republican in white house we would never come out
told me that when it came to the economy, and i quote, the good news will keep coming. after last week's growth figures it obviously hasn't. what is his excuse this time? >> as the right honorable gentleman nose gdp in the third quarter of last you went up by 4.9%. and is forecast by the office of -- it fell by 23%. only honorable members opposite each year that news. [cheers and applause] >> i think the right honorable gentleman should listen to the governor of the bank of england who said this. our economy is recovering more slowly than we might wish, but we are moving in the right direction. the fall in unemployment number clearly back that up. >> ed miliband. >> what an extraordinarily complacent answer from the prime minister. let us understand the scale of his failure on growth. they told us in autumn 2010 that by now the economy would have grown by over 5%. can the prime minister tell us by how much the economy has actually grown since then? >> there's absolutely nothing complacent about this government. that is why we are cutting corporation tax. we are investing in enterprise
'm christine romans. 2013 could be a boom year for the economy. how do you capitalize? start with understanding that today smart is the new rich. who better to have on than the smartest, richest man in the u.s., bill gates? you'll hear from him in a moment. >>> plus, media mogul arianna huffington on creating jobs. first, the soaring stock market. does that mean the economic recovery is real or is something else going on here? >>> looming budget cuts. >> we can't keep spending money we simply do not have. >> tax uncertainty. >> the deficit is still too high. >> gridlock over how to fix it. if it weren't for politicians in washington, 2013 could be a boom year. take a step back. your home, your investments, your job. the three ways most people build wealth are all set to take off. home prices rose 5.5% in november, biggest jump in six years, stocks are at five-year highs, near records. the dow is up 800 points in just four weeks. jobs are coming back. things are looking bright in 2013, but to capitalize, you'll have to get ready. and get smart. because smart is the new rich. company profits are
economy, keep jobs at home, how can you be sure you do the right thing. to sort through it all is todd marks. todd, great to have you on the show. thank you so much for being with us. >> oh, my pleasure, gerri. gerri: how do you know? they label these things every which way. how do you know which products are made in america? >> well, they are very serious and very complex, arcane rules governing what it means to be made in america. there's claims called qualified, made in the usa, no ambiguity. there's qualified claims, made in the u.s. of parts made in china. they are created here. gerri: hey, todd, like apple, created in california, asemilled in china. >> that confusion prompts people to scratch their head. we get letters all the time. how can it be? the laws are clear, but they are not. well, they may state that, you know, when they create laws about what it mean to be made in america, it says, in order to say it's unqualified made in america, there can be no ambiguity, and you don't want to mislead a reasonable person. you can't plant that idea. the companies do it with symbols, s
on. one at a time. is it possible to raise taxes and grow the economy simultaneously? >> absolutely. i don't think that's the best model, i think the economy can grow in spite of that. >> you have art he said that we need to put the taxes on the back burner? >> absolutely. the one we will finish this later. we will have you guys back again soon. thank you all for watching this show. we will have you back soon. t bul you hear what we found out about made in america. also, markets hit new highs. what's driving the latest run? can it last? your smart fun about to shame you in public. tonight, we have the apps that keep you in line and on time. "the willis report" is on the case. gerri: "the willis report" is on the case more on those stories in a moment, but, first, when you buy made in america, how do you really know it's made in america? labeling laws are confusing, and some products, well, they just outright lie about where it's made. if you want a healthy economy, keep jobs at home, how can you be sure you do the right hing. to sort through it all is todd marks. todd, great to have
. >>> and now to the economy. the labor department releases january's report this morning. the economy remains sluggish challenged by a steep decline in defense spending and the impact of higher social security taxes. susan mcginnis is in washington this morning. susan, good morning. >> anne-marie, good morning. we have an economy still struggling despite positive signs like higher consumer spending and business. we expect sluggish growth in today's report. of course, any surprises there could jolt the market. wall street is eagerly awaiting the government's january jobs report. analysts predict the company added jobs last month but not enough to budge the unemployment rate from its current 7.8%. >> it's been a slow process. >> latoya patrick is one of america's estimate 12 million unemployed workers. she's been looking for a job since the fall after graduating with a master's degree. >> i'm not going to lie. it's been tough sometimes. when you're home, you feel like i spent all this time going to school and it's like nobody's giving you a chance. >> economists say until more people like latoy
start a businesses create jobs and spur the economy. we will hear from jerry moran who authored the start impact, legislation aimed at helping businesses grow the economy. this discussion as part of a policy summit held by the consumer electronics association in las vegas. it is an hour. >> so, good afternoon. my name is larry downes. it means for an hour i can be up here and not back in the audience taking notes. just before the election, i wrote an article asking what it was that of intrapreneurs needed from washington. our panelists today may have a more productive agenda to discuss. i know there are many in the audience who are from washington. that is great because you will be hearing from some actual business owners and organizers -- organizations interested to talk about when the start up a economy does and does not need from washington. it is my great pleasure to introduce senator jerry moran will provide some introductory mar remarks -- remarks. both in the senate and then before 2010, and during seven terms in the house. he successfully led opposition with senator bide
different views on what helps the economy. russia wants more babies, and china has a one baby policy. different views on how to grow. i'm with russia. they are crazy, but with them. melissa: airport related, wonder what they think of next. a belt that lets you zip through security. it was created by a designer who knows the importance of moving at a speedy pace. you can save five seconds at the airport. wow. what do you think? >> i just -- anything to go through security quicker, but i do want just booties for my feet. when i take the shoes off, that's what they should invent, booties you just fly through security. >> that's what loafers are. >> you have to take them off. i understand that. but shoes with laces in them are a dying breed. have to hate those rules. melissa: we solved a lot of problems. >> we did, sex and shoes. melissa: thank you very much. that's all the "money" we have for now today. we'll see you here tomorrow. the "will las report" is next. gerri: hi, everybody, i'm gerri willis. president obama disbands the jobs council, why it failed, and why nothing it taking it
the point. rick, is your point that this weak economic report we got today shows the economy is truly weak, or are you agreeing with the consensus that it shows that government spending was the reason for the weakness? >> no. i'm saying government spending isn't really addressing some of the main issues of weakness, and when did we -- when did we have an amendment saying we're banning recessions. if the economy is destined to be smaller to get healthy, let it happen. >> but hold on, rick. what was interesting about this report to my mind was that consumer spending and business spending actually held up in the face of government spending. >> that's a wonderful thing, and i like that thing. >> it reilly should be for investors the one of figuring out in a world that looks like it will be one of declining government spending, what will happen to private sector spending and investment? >> it will reallocate the capital better. >> hey, rick, you're not going to get the end result that you think you will. nothing makes sense. i agree 100%. guess what's going to happen? we're going to get a housi
. >> i want to -- you look at all the numbers we got this week, the gdp report, the economy technically shrinking by 0.1 for the fourth quarter and most of it being chalked up to government -- to the lack of government spending particularly in the defense industry. and yet there were other parts of it in the private sector that looked strong. what's the reality here? are we an economy that's growing, that's recovering, or are we in an economy that's still on shaky ground? >> we're growing and we're recovering. the economy as measured by, say, gdp, that's kind of the economy's bottom line, that's the value of all the things we produce, that's been going 2%, 2.5%, and i don't think it's changed, that's about what we're growing right now. that's okay. but it's certainly not good enough in the context of the 7%, now 7.9% unemployment rate. yes, the economy is growing. yes, with each passing month we're on more sound ground but, you know, i don't think anyone's going to feel really good until unemployment is below 6%. >> and the big issue continues, one of the odd issues has to be consumer c
of this administration. it's the norm because the economy collapsed. we all remember that the economy collapsed. and to withdraw federal spending from a collapsing economy is only to make things worse. the economic collapse created these deficits, and as the economy recovers, we can draw this will down. now, there's not aagreement on that. some have preached austerity as the way forward when the economy coul lapses. -- collapses of the and when this withstand, there was lively debate between those who support that would be more sensible than austerity. we're past us a started and now into experience much the experience of foreign countries belies that austerity works when economies are collapse ago. from spain to greece, european countries that responded to the economic downturn by slashing their budgets are suffering from shrinking economies and persistent double-digit unemployment rates. a recent i.m.f. report estimates that budget austerity in a weak economy might actually inflict significant harm and have a much lower-than-expected effect on the deficit, consistent with the observations in
have 11 million people in this country undocumented. that is not good for this country or the economy. that is not going to disappear. we have to face that reyagity. i say, i like senator vitter on many issues. i disagree on this issue. i think we start taxing these people. they are already benefiting from the social serve thes and encase system. so let's tax them. from a security point of view, this is helpful and i think that this is not an amnesty. you are letting people go of a crime. these people are going to have are to pay taxes and crimes. i cthink it is a brilliant program. the only thing stopping it is president obama if he does not agree to it. >> if this does not have border security in it. the republican party, to me, if you give the free flow of immigration for workers, there can still be border security, there could be -- right? anybody who wants to come for legitimate reason ares wants to come. >> right. >> larry, can i ask a question? >> what i want to say, all right i'll direct it tow. the gop should be the party of growth and opportunity and the party of entrepreneu
] charles: hold on, hold on. one at a time. is it possible to raise taxes and grow the economy simultaneously? >> absolutely. i don't think that's the best model, i think the economy can grow in spite of that. >> you have art he said that we need to put the taxes on the back burner? >> absolutely. the one we will finish this later. we will have you guys back agai. david: friday numbers will be critical. melissa francis is next. melissa: i'm melissa francis and here's what's "money" tonight. what did boeing's management know and when did they know it? a new report says boeing was aware of the dreamliner's battery problems all along. so why wasn't anything done? we have a top former air safety official to weigh in on that one. >>> plus gdp growth comes to a screeching hot happen. major reason is because government spending plunged 15%. isn't that a good thing? trying to bring you a silver lining. the power panel talks about. >>> they are helping to soften the blow for its employees. maybe something to suggest to your boss tomorrow. the company's ceo joins us exclusively with the
, there is no such thing as recovery in sight, we have no economy policy, we have no energy policy, fuel is back up. i mean, people wonder why consumer confidence and confidence from the business owners is down? and the president pulls a you know deal like this, come on. this guy campaigned on jobs and the economy, he gave an inaugural speech on what? immigration, constructing royds and more liberal rhetoric, you know what, this is a step to socialist ladder forget rid of small business then we can control the big guys, i am frustrated and angry. tom: i hear it. marco, you have seep the president, i get up in the morning i think about jobs, i go on bet at night i think about jobs, do you think he has forgotten? >> i don't think he nearly forgotten about it, i think he doesn't know how to create jobs. it is the smalln 'n small busins that create them, if you have not run a business how in the world do you know how to create jobs this is why the count was important and should have been important. >> thank you very much. push to help illegals is on, but nobody is talking about how the cost will add up, we he
economy is a high priority, so is proving his democratic credentials to his western partners. he said he would push forward with democratization. >> egypt will be a state that tolerates different and opposing opinions with peaceful transfers of power and a democratic state with everything that entails. >> merkel said she was concerned about the political violence in egypt and said dialogue was key. >> political forces can make a contribution. human rights have to be respected in egypt, and that applies most importantly to the protection of religious freedom. >> two more people died in cairo on wednesday in clashes between police and demonstrators. the death toll has now reached 50 in a week of protests. two years after a revolution swept morsi's predecessor from power. berlin has criticized his recent attempts to consolidate power is, and his opponents in the german capital were warning of a new dictatorship and egypt. >> our correspondent has been following the president's visit for us. does morsi get any of the investment and all of that that he has been looking for? >> i think you are
market. the first half is going to face some pretty big headwinds from the economy, so i'm cautious about the next few months here. >> cautious about the next few months, so does that translate into taking money out of stocks? is this rally that we've been seeing, even though we saw fractionial losses today, is it justified given these expectations that you think the economy turns downward? >> i think if you look just at the earnings picture and ignore what's going on in washington, the markets should be up even more. i mean, there's plenty of room for stocks to rally, and i do think once we get past this miss call austerity the rally will resume. we have to keep in mind that the market up until now has not seen really weak data, and it's about see some very soft consumption numbers. have you a $200 billion tax increase this year and a $110 billion sequester. these are not small fiscal tight things. it means that first and second quarter are going to be very weak. it's no longer going to be talking about the risks of the fiscal cliff. we're actually getting about half of the fiscal cliff,
Search Results 0 to 49 of about 1,567 (some duplicates have been removed)